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The Small Business Administration (view source)
Revision as of 16:12, 20 November 2015
, 16:12, 20 November 2015no edit summary
*WHY the huge drop in business loan program, loan subsidy funding? read and research more. also research more about specific functions of each division of budget
===2016 Reforms===
*Launch SBA One, a program designed to increase loan efficiency process
*Allocates $3 million towards "idea lab" which will help adopt private sector best practices
==Small Business Investment Company (SBIC)==
===About===
The SBA licenses, regulates, and helps provide funds for privately owned and operated venture capital investment firms through the Small Business Investment Company (SBIC). The SBIC specializea in providing long-term debt and equity investments to high-risk small businesses. Its creation was the result of a Federal Reserve study that discovered, in the simplest terms, that small businesses could not get the credit they needed to keep pace with technological advancement. [https://www.sba.gov/about-sba/what-we-do/history| ]
Through its Small Business Investment Company (SBIC) program, the SBA is currently authorized to invest up to $4 billion annually at zero subsidy cost, making the Agency one of the larger players in funding high growth businesses. To better serve these businesses, the SBA has expanded its reach through two initiatives: an Impact Investment initiative that is focused on
economically distressed regions and an Early Stage Fund. Both strategies use the existing SBIC platform and are designed to fill gaps in the current market and to spur new business starts.
==SBIR==
==Major Loan Programs==
